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Exhibit 11
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS
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<CAPTION>
Nine Months Ended September 30,
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2000 1999
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<S> <C> <C>
Net Income 1,309 862
Less dividends on preferred stock (19) (19)
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Net Income available to common
stockholders 1,290 843
Average shares outstanding - both basic
and diluted 668,360 668,360
Earnings per share - Basic and diluted $1.93 $1.26
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<CAPTION>
Quarters Ended September 30,
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2000 1999
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<S> <C> <C>
Net Income 350 489
Less dividends on preferred stock (6) (6)
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Net Income available to common
stockholders 344 483
Average shares outstanding - both
basic and diluted 668,360 668,360
Earning per share - Basic and diluted $0.51 $0.72
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